On 12/04/2010 9:31 PM, bpuharic wrote:
On Mon, 12 Apr 2010 21:24:37 -0600,
wrote:
On 12/04/2010 4:35 PM, bpuharic wrote:
On Mon, 12 Apr 2010 18:17:27 -0400, wrote:
uh no. the market is still about 35% below where it was at 14,000
I am just a dumb old working class redneck and I did fine.
I am sitting an a couple "doubles" and a "triple".
that you're dumb is simply fact.
that you're a redneck is beyond dispute.
that your 401K has recovered simply means you had no investments to
begin with.
Then fire your money manager. I have 3 pools of US investments.
The smallest and worst performer is up only 10% from its prior peek.
The largest and actively managed is up 30% from prior peaks. The worst
performing pool of funds I have is foreign, only up 2% from prior peeks.
So ask your money manager why you should be paying him?
because i work for a living. wall street told 100,000,000 middle class
americans that we didn't need pensions. they TRIED, with bush, to tell
us we didn't need social security. they left us ONLY 401k's.
Guess you didn't put enough into your 401K/IRAs then. When that is no
one elses fault buy your own stupid self. See the tag line below.
i don't have the time to work AND to watch wall street. so now it's
time to **** wall street and regulate the **** out of them
So? I MAKE time. Your money is your responsibility. Second, pick a
better investment manager or do it yourself. But if you do it yourself
I suggest starting small until you learn the ropes. Or stick to safer
investments and ease into the rest.
Money is attracted to those who know how to manage it. Everyone else in
time will lose it. That is why governemnt pays less interest than
real-inflation.
--
The Liberal way, take no responsibility.